Home > Management > Accounting and Finance > Volume-6 > Issue-5 > Analyzing the Fundamental and Behavioral Aspects of IPO Valuations by Comparing Merchant Bankers’ and Market Valuations

Analyzing the Fundamental and Behavioral Aspects of IPO Valuations by Comparing Merchant Bankers’ and Market Valuations

Call for Papers

Volume-8 | Issue-3

Last date : 26-Jun-2024

Best International Journal
Open Access | Peer Reviewed | Best International Journal | Indexing & IF | 24*7 Support | Dedicated Qualified Team | Rapid Publication Process | International Editor, Reviewer Board | Attractive User Interface with Easy Navigation

Journal Type : Open Access

First Update : Within 7 Days after submittion

Submit Paper Online

For Author

Research Area


Analyzing the Fundamental and Behavioral Aspects of IPO Valuations by Comparing Merchant Bankers’ and Market Valuations


Lavan Jain | Richa Phirke | Jigar Bhajiawala | Khushi Aslam | Shloka Tibrewala



Lavan Jain | Richa Phirke | Jigar Bhajiawala | Khushi Aslam | Shloka Tibrewala "Analyzing the Fundamental and Behavioral Aspects of IPO Valuations by Comparing Merchant Bankers’ and Market Valuations" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5, August 2022, pp.940-958, URL: https://www.ijtsrd.com/papers/ijtsrd50578.pdf

Initial Public Offer (IPO) is one of the most preferred strategies for companies to go public and now a days we can see a lot of people just applying for the listing gains sometimes without even knowing the name of the company. So, the purpose of this study was to critically analyze whether the valuations given by merchant bankers or the price band set by them is justified or there is a significant difference between price set by them and that perceived by market forces. Descriptive research with secondary data and primary was carried out, correlational, multiple regression and hypothesis testing was used on data for the last 3-year IPO’s in the Indian stock market. IPO price band is compared with the listing price and price after few months to judge the fairness of valuations given by merchant bankers and analyze whether there was an overreaction, under reaction or an optimal reaction on the price given by the merchant bankers. Further analysis has been done to know whether there is a difference in the way the market reacts to companies doing traditional business and technology or new age companies.

IPO, Valuations, Merchant bankers, Behavioural, Fundamental, Hypotheses, New age companies, Regression, Listing gains, Listed price, Issue price


IJTSRD50578
Volume-6 | Issue-5, August 2022
940-958
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

Thomson Reuters
Google Scholer
Academia.edu

ResearchBib
Scribd.com
archive

PdfSR
issuu
Slideshare

WorldJournalAlerts
Twitter
Linkedin